June 7, 2024 at 11:33AM
Tenable, a well-known player in vulnerability management, has announced the acquisition of Israeli startup Eureka Security, specializing in DSPM. The deal enhances Tenable’s Cloud-Native Application Protection Platform and provides tools to assess and manage data risk. This acquisition follows Tenable’s previous purchase of another Israeli cloud security firm, Ermetic. Financial details were undisclosed.
From the meeting notes, it is clear that cybersecurity vendor Tenable has announced its plan to acquire Israeli early stage startup Eureka Security. This acquisition is significant as it positions Tenable to bolster its presence in the competitive DSPM (data security posture management) space. While the financial terms of the deal were not disclosed, it is notable that Eureka, based in Tel Aviv, had launched in 2022 with $8 million in venture capital funding from YL Ventures.
Tenable emphasized that the purchase of Eureka would enhance its Cloud-Native Application Protection Platform with DSPM capabilities. This technology will enable security teams to measure and manage the risk to data, providing a holistic view of an organization’s cloud data security footprint. Tenable Vice President Shai Morag highlighted that the DSPM technology would assist customers in identifying key evidence related to cloud data risk and help in providing better prioritization of cloud risks.
This acquisition marks the second occasion in which Tenable has acquired Israeli cloud security startups, following its purchase of Ermetic. The integration of Eureka’s DSPM technology is expected to complement Tenable’s Cloud Security product suite, providing security teams with context and guidance for making efficient and accurate remediation decisions.
Overall, the acquisition of Eureka underscores Tenable’s strategic efforts to solidify its position in the cloud security market and expand its product offerings to meet evolving customer needs.